Why is govermental fundimg of research important?

Answer 1

Government funding of research is crucial because it supports innovation and advancements in various fields, including medicine, technology, and environmental science. Such funding often addresses societal challenges that may not attract private investment due to high risks or long timelines. Additionally, government-funded research can promote public interest and ensure that discoveries benefit the broader community rather than solely profit-driven motives. Ultimately, it fosters a robust knowledge economy and enhances national competitiveness.